Finance News Network

News by Michael Luu

Michael Luu

Finance News Network

Tech & health stocks eclipse mining decline: Aus shares trading 0.6% higher at noon

18 Jun 2021 - The Australian sharemarket started on a weak note but has since then bounced back to ignore negative hints from Wall Street. Infotech and Healthcare neutralised the d…

Bubs (ASX:BUB) uses digital approach to kickstart US expansion

18 Jun 2021 - Bubs Australia (ASX:BUB) is set to expand its consumer reach to the US market, utilising US-based e-commerce platforms walmart.com and Amazon. The move marks the infa…

ASX to defy lackustre Wall St: Aus shares to open higher

18 Jun 2021 - The Australian sharemarket is poised to bounce back from yesterday’s lows, in contrast with Wall Street’s lacklustre signals. The Dow Jones Industrial Average extende…

Increased audience base & advertising revenue lift Seven West Media (ASX:SWM)'s guidance

17 Jun 2021 - Content producer Seven West Media (ASX:SWM) has released better-than-expected guidance for FY21 underlying profit of between $250 million and $255 million, which repr…

Coles (ASX:COL) upgrades innovation budget by $1.4 billion

17 Jun 2021 - Grocery retail giant Coles (ASX:COL) is stepping up its innovation game, upsizing its digitisation budget by $1.4 billion in a bid to reclaim missed growth opportunit…

Late drama ends with green as victor: Aus shares close 0.1% higher

16 Jun 2021 - The ASX200 decelerated its advance and slipped from its record intraday high of 7406 after lunchtime, before seesawing between the buy and sell zones in the last hour…

Victoria weather woes take toll on IAG (ASX:IAG)'s claims register

16 Jun 2021 - Damages associated with the recent stormy weather conditions in Victoria have taken a toll on the insurance heavyweight’s expenses, as affected clients have flooded I…

Regal (ASX:RF1) cleared off ASIC's radar

16 Jun 2021 - Regal Funds Management (ASX:RF1) has been cleared off the radar of the Australian Securities and Investments Commission (ASIC), following a search warrant executed by…

CSL (ASX:CSL) snaps up former Coke boss as board director

16 Jun 2021 - Biotechnology giant CSL (ASX:CSL) has replenished its board ranks with the high-profile recruitment of Alison Watkins as a non-executive director.

Energy surge overpowers tech slump: Aus shares trading 0.4% higher at noon

16 Jun 2021 - The Australian sharemarket defied a pessimistic handover from Wall Street to charge ahead at the open, reaching an all-time intraday high of 7401 at 11.26am. Gains by…

Blue-chips form backbone of Monday rally: Aus shares close 0.9% higher

15 Jun 2021 - The Australian sharemarket accelerated on momentum throughout the afternoon session, erasing records to wrap up trade at an all-time high and extending the positive r…

Stocks of the Hour: Crown Resorts, Nuix, Archer Materials, Sequoia

15 Jun 2021 - A snapshot of the top news for the hour, featuring Crown Resorts, Nuix, Sequoia Financial Group and Archer Materials.

Recent acquisitions lift Sequoia (ASX:SEQ)'s FY21 profit guidance

15 Jun 2021 - Integrated financial services provider Sequoia (ASX:SEQ) has made a second upgrade within two months to its guidance for FY21 underlying profit or EBITDA. The owner o…

Archer Materials (ASX:AXE) to participate in $40b guided weapons programme

15 June 2021 - The Australian Department of Defence has assigned NIOA’s subsidiary, the Australian Missile Corporation, to develop a guided missile programme for the nation, named …

Gold stocks let rally team down: Aus shares trading 1% higher at noon

15 Jun 2021 - The Australian sharemarket extended Friday’s advance and ascended to record levels in the Monday morning session, hitting the highest ever intraday peak of 7392 befor…

Nuix (ASX:NXL) to farewell two executives

15 Jun 2021 - Troubled data analyst Nuix (ASX:NXL) has announced two new executive-level departures, in the wake of a problematic IPO followed by two consecutive guidance downgrade…

ResiFund completes two-year anniversary, delivering 10% pa

15 Jun 2021 - ResiFund Founder & Director Matthew Lewison talks about the buoyant economic conditions for residential property and the fund’s performance.

Oaktree offers to provide $3.1 billion fund to Crown Resorts (ASX:CWN)

15 Jun 2021 - US investment firm Oaktree has escalated the bidding war with The Star and Blackstone for beleaguered casino giant Crown Resorts (ASX:CWN), with a revised funding off…

ASX extends gaining streak to four weeks: Aus shares close 0.1% higher

11 Jun 2021 - The ASX200 extended its rebound from the morning session’s early losses and maintained momentum after midday. The IT and mining sectors offset the decline by financia…

Stocks of the Hour: Domino's Pizza, Centuria & AMP

11 Jun 2021 - A snapshot of the top news for the hour, featuring Domino's Pizza, Centuria & AMP.

QEM (ASX:QEM) to benefit from Queensland's $2b renewable energy subsidy

11 Jun 2021 - The State Government of Queensland has announced a $2 billion stimulus package to support employment in the renewable energy and hydrogen sector, while also accelerat…

Tech & mining rally overpowers banking slump: Aus shares 0.3% higher at noon

11 Jun 2021 - The Australian sharemarket extended the week’s volatile trend and fluctuated between the buy and sell zones during Friday’s morning session. Despite a positive start,…

AMP (ASX:AMP) appoints new chief executive for capital management arm

11 Jun 2021 - Financial services giant AMP (ASX:AMP) has found a new chief executive to lead the group’s capital management division, as former State Street Global Advisors chairma…

Centuria Industrial REIT (ASX:CIP) purchases 3 new properties

11 Jun 2021 - Real estate powerhouse Centuria’s acquisition engine has been fired up this week, as its industrial property arm CIP has reached agreements to acquire $86.1 million w…

Calima Energy (ASX:CE1) - high-margin oil and gas producer

10 Jun 2021 - Calima Energy Limited (ASX:CE1) Executive Chairman Glenn Whiddon provides an update on production at the company's projects in British Columbia and its plans for an a…

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